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Does my single family rental property qualify as QBI (Qualified Business Income)?
I have a house that I have been renting for a number of years. I use a property manager to manage the rental. TT is asking me whether my rental is a business or an investment. If it is a business, then it qualifies as QBI. The difference between business (QBI) and investment (not QBI) is vague to me. Any advice would be much appreciated.
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March 6, 2022
9:51 AM